Palantir raises 2026 guidance

Palantir Technologies raised its full-year 2026 revenue guidance on August 3 after reporting second-quarter results that showed accelerating demand for its Artificial Intelligence Platform in its U.S. commercial and government businesses. The software company said revenue rose 93% year over year to $1.935 billion in the quarter ended June 30, while adjusted earnings per share were $0.41. Palantir also said U.S. commercial revenue climbed 149% to $764 million and U.S. government revenue rose 90% to $809 million. ### How much did Palantir raise its outlook? Palantir said on August 3 that it now expects full-year 2026 revenue growth of 82% year over year, up from its prior outlook, and separately raised its U.S. commercial revenue guidance to 134% growth. The company’s earnings release framed the increase as a response to stronger customer demand and larger deal activity in the United States. (sec.gov) The company also reported $3.373 billion in total contract value closed in the quarter, up 49% from a year earlier, including a record $2.132 billion of U.S. commercial contract value. U.S. commercial remaining deal value reached $6.238 billion, up 124% from a year earlier, according to the release. ### Which numbers stood out most in the quarter? Adjusted earnings per share were $0.41, and GAAP earnings per share were also $0.41, Palantir said in the filing attached to its August 3 current report. (sec.gov) GAAP net income was $1.062 billion, while adjusted income from operations was $1.194 billion, equal to a 62% margin. Revenue of $1.935 billion came with cash from operations of $1.216 billion and adjusted free cash flow of $1.220 billion, both equal to 63% margins, the company said. (sec.gov) Palantir also said it ended the quarter with $9.2 billion in cash, cash equivalents and short-term U.S. Treasury securities. ### What did Alex Karp say about the demand behind the results? Chief Executive Alex Karp said in the earnings release that “demand for AI sovereignty has now been unleashed.” Karp said customers trust Palantir to give them control over “their operations, data, and decisions,” adding that their “competitive advantage should never become the training data for future models.” (sec.gov) That language echoed a theme Palantir has emphasized in recent quarters: selling AI software that can run inside customer-controlled environments rather than requiring companies or governments to give up control of sensitive data. (sec.gov) The company tied that pitch directly to the quarter’s commercial growth and to its raised guidance. ### How broad was the growth across Palantir’s business? (sec.gov) U.S. revenue rose 115% year over year to $1.573 billion, Palantir said, indicating that the company’s strongest momentum remained concentrated in its domestic market. The company said it closed 220 deals worth at least $1 million, 98 deals worth at least $5 million and 73 deals worth at least $10 million during the quarter. (sec.gov) Those figures showed growth in both customer spending and deal size, alongside the jump in commercial and government revenue. Palantir’s investor relations site lists the August 3 earnings release, shareholder letter, webcast and presentation as part of its second-quarter reporting package. ### Where can investors find the next official update? Palantir filed its quarterly report for the period ended June 30 on August 4, one day after its earnings release, according to the SEC’s company filings page. (sec.gov) The same SEC page shows the August 3 current report that included the earnings release. The company’s next scheduled public financial update is expected with its third-quarter results, which investors will be able to track through Palantir’s investor relations quarterly results page and its SEC filings page. (sec.gov) (investors.palantir.com) (sec.gov)